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DRC Strengthens Mineral Traceability Amid Rising Conflict in the East

February 23, 2025February 23, 2025 Constance

At a briefing on Tuesday, February 18, 2025, Minister of Mines Kizito Pakabomba reaffirmed the Congolese government’s commitment to strengthening mineral traceability in response to ongoing conflict in the East, exacerbated by Rwanda’s support for the M23 rebel group. Pakabomba highlighted that the DRC has undertaken significant measures to ensure its minerals meet international certification standards, particularly for the U.S. and European markets. “With the United States, we are engaged in the Mineral Security Partnership (MSP) to certify DRC’s minerals, ensuring their traceability and preventing conflict minerals from entering supply… Read More Here

Mining in DRC

ANAPEX and UNIDO Collaborate on Export Sector Strategies for DRC

February 23, 2025February 23, 2025 Constance

The National Agency for the Promotion of Exports (ANAPEX) and the United Nations Industrial Development Organization (UNIDO) held discussions on Thursday regarding the development and implementation of sectoral export strategies in the Democratic Republic of Congo (DRC). “We had productive discussions between ANAPEX and UNIDO on implementing sectoral strategies for export sectors as part of the preparatory work for drafting these strategies,” said Kinkani Hervé Landry, Director of Studies and Planning at ANAPEX. Kinkani emphasized that the meeting also aimed to mobilize donor support for producers and potential exporters in… Read More Here

Mining in DRC

DRC Communications Minister Condemns International Inaction on Rwanda’s Resource Plundering

February 23, 2025February 23, 2025 Constance

Democratic Republic of Congo (DRC) Minister of Communication and Media, and government spokesperson, Patrick Muyaya Katembwe, has denounced the international community’s failure to act against Rwanda’s alleged exploitation of Congolese resources. Speaking at the opening ceremony of the National Civil Society Consultation Framework (CCNSC-RDC) on February 18, 2025, at the Pullman Hotel in Kinshasa, Muyaya condemned Rwanda as an aggressor state. “Rwanda continues to defile our ancestral land, systematically plundering our resources, violating our women, and massacring our peaceful population—all under the indifferent gaze of the international community. Despite multiple… Read More Here

Mining in DRC Cobalt Copper Corporate News

Ivanhoe Mines Issues 2024 Fourth Quarter and Annual Financial Results

February 23, 2025February 23, 2025 Constance

Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden presented the company’s financial results for the fourth quarter and year ended December 31, 2024, and provide an operations and project development update. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding production at the world-class Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC); ramping up the ultra-high-grade Kipushi zinc-copper-lead-germanium mine in the DRC; building the tier-one Platreef… Read More Here

Mining in Zambia New Mining Projects Uranium

GoviEx Advances Muntanga Uranium Project Financing in Zambia

February 22, 2025February 22, 2025 Constance

TSX-listed GoviEx Uranium has appointed Endeavour Financial as its financial adviser, marking the first step in securing project financing for its Muntanga uranium project in Zambia. Muntanga is a near-term uranium project with well-established export routes to both Western and Eastern markets. It has a net present value (NPV) of $243 million, an internal rate of return (IRR) of 20.8%, and a rapid payback period of 3.8 years. The project is highly leveraged to uranium prices, with its NPV increasing by $45 million for every $5/lb rise in triuranium octoxide… Read More Here

International Corporate News

Glencore Considers Primary Listing Move from London to New York or Other Exchanges

February 22, 2025February 22, 2025 Constance

Glencore (LON: GLEN), the global mining and commodity trading giant, is evaluating the possibility of relocating its primary stock listing from London to a different exchange, possibly New York, in search of a more favorable valuation. The move could deal a significant blow to the London Stock Exchange. Chief Executive Gary Nagle confirmed the company, which has been listed in London since 2011, is assessing whether another exchange might be more suitable for its securities. Nagle emphasized the importance of securing “the right and optimal valuation,” stating, “We want to… Read More Here

Mining in Zambia Copper New Mining Projects

Barrick Files Technical Reports for Lumwana Expansion and Reko Diq Projects

February 21, 2025February 21, 2025 Constance

Barrick Gold Corp has filed technical reports for its Reko Diq and Lumwana Expansion projects in Pakistan and Zambia, respectively, outlining significant development and production growth plans. Barrick, which owns a 50% stake in Reko Diq and operates it through the Reko Diq Mining Company (RDMC), has completed a feasibility study detailing a phased development approach: The project includes two open-pit mines—Western Porphyries (main pit) and Tanjeel (satellite pit)—along with a processing plant and associated infrastructure. It will produce copper concentrate containing gold, which will be processed by third-party smelters.… Read More Here

Mining in DRC Cobalt Copper

Norinco Revises Bid for Chemaf’s Congo Mines, Offering Bigger State Stake

February 21, 2025February 21, 2025 Constance

China North Industries Corp (Norinco) has revised its $1.4 billion bid to acquire copper and cobalt assets from Chemaf SA by offering the Democratic Republic of the Congo (DRC) a larger stake to ease government concerns, sources familiar with the matter told Reuters. Norinco’s offer, initially submitted in June 2023, stalled after Congo’s state miner, Gécamines, made its own unsolicited bid for the assets. The situation has been further complicated by U.S. efforts to curb China’s dominance in the mineral-rich Copperbelt. To push the deal forward, Norinco has proposed increasing… Read More Here

International Artisanal mining

Ghana Faces Billion-Dollar Challenge to Reclaim Land Devastated by Illegal Mining

February 21, 2025February 21, 2025 Constance

Ghana requires billions of dollars to restore vast stretches of degraded land and polluted water bodies caused by years of illegal mining. Professor Nana Browne Klutse, Acting CEO of the Environmental Protection Authority (EPA), described the situation as an emergency and urged development partners to support the country’s reclamation efforts. Speaking to the Ghana News Agency on Tuesday, Prof. Klutse revealed that a World Bank-funded pilot project had facilitated some land restoration. However, scaling up these efforts requires additional funding. “We have been approached by companies willing to assist with… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

U.S. Aid Freeze Puts Africa’s Critical Minerals Corridor at Risk

February 21, 2025February 21, 2025 Constance

A billion-dollar expansion of Africa’s most strategic U.S.-backed critical minerals project is now in limbo due to a foreign aid freeze under the Trump administration—creating an opening for China to expand its influence. At the center of the crisis is the Lobito Corridor railway project, a key infrastructure initiative designed to transport copper and cobalt from the Central African Copperbelt—home to some of the world’s richest deposits—to the Angolan coast for export to Western markets. The project was set to receive funding from the U.S. International Development Finance Corp. (DFC)… Read More Here